The total market capitalization of tokenized stocks has risen to $1.2 billion, a record high.

PANews reported on December 30th that, according to Cointelegraph, the total market capitalization of tokenized stocks has climbed to a record $1.2 billion, driven by strong growth in September and December, according to data from Token Terminal. Token Terminal stated, "Tokenized stocks today are like stablecoins in 2020," highlighting that the market is still in its early stages. In 2020, stablecoins were still in their infancy, but this year they have grown into a $300 billion industry. Other industry insiders have likened tokenized stocks to the DeFi boom of early 2020, pointing to the potential for more global stocks to be on-chain, benefiting from faster settlement speeds, 24/7 trading, and divisible ownership.